Noor Trends News, Technical Analysis, Educational Tools and Recommendations

January, 2021

• 27 January 2021 7:32 pm

  Germany Sees Economy Growing by 3% in 2021

  

  The German government revised its expectations for economic growth in 2021 downwards to 3%, down from a previously estimated growth rate of 4.4%. Another lockdown as part of the preventive measures against the spread of the Coronavirus pandemic has left its toll on the biggest economy in Europe, as shown …

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• 27 January 2021 6:26 pm

  USD Rises Ahead of Fed’s Policy Statement

  

  The U.S. Dollar (USD) rose on Wednesday, following the release of positive economic data that showed a rise in durable goods orders in December. The rise of the USD also comes amid anticipation for the outcomes of the Federal Reserve policy meeting, which is expected maintain interest rates unchanged near …

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• 27 January 2021 5:45 pm

  US: Durable Goods Orders Rise by 0.2% in December

  

  Durable Goods Orders in the United States rose by 0.2%, or $0.4 billion, to $254.3 billion in December, the data published by the US Census Bureau showed on Wednesday. This reading followed November’s increase of 1.2% and missed the market expectation of 0.9%.

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• 27 January 2021 5:35 pm

  GBP/USD Retreats Further Ahead of FOMC

  

  GBP/USD continued its corrective slide from several-month highs, and reached its daily low, with a target of 1.3700. After optimism about the launch of Covid 19 vaccines and hopes for a global economic recovery faded, along with doubts about the timing of the US stimulus plan, all this affected the …

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• 27 January 2021 4:20 pm

  Germany’s Economic Institute DIW: Economy Likely to Contract 3% in Q1 2021

  

  Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday.

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• 27 January 2021 4:18 pm

  AstraZeneca Pulls Out From Meeting With EU on Vaccine Supplies – Reuters

  

  AstraZeneca has pulled out from the meeting with the European Union officials on coronavirus vaccine supplies that was scheduled to take place on Wednesday, Reuters reported, citing an EU official familiar with the matter.

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• 27 January 2021 3:27 pm

  Currencies Overview: Dollar Rallied in Contrast to Euro Before The US Fed Meeting

  

  The dollar rose against a basket of currencies on Wednesday, January 27th, as markets awaited comments by US Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to a super-easing policy. The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received …

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• 27 January 2021 2:14 pm

  European Stocks Fall Despite Earnings Results

  

  European stocks fell on Wednesday under the weight of fears of a slow economic recovery while most investors were reluctant to take positions ahead of the US Federal Reserve’s decision on monetary policy. The European Stoxx600 index fell 0.4% in early trade after losses in Asian markets and Wall Street. …

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• 27 January 2021 1:35 pm

  Oil Rises With The Decline in US Stocks And New Cases of Covid in China

  

  Oil prices rose on Wednesday, January 27, after data for the sector showed that US crude inventories fell unexpectedly last week, and China, the second-largest consumer of oil in the world, recorded the lowest daily level of increase in cases of Covid-19 in more than two weeks. Brent crude futures …

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• 27 January 2021 12:55 pm

  Gold Moving in a Limited Range as Focus Shifts to The US Fed

  

  Gold trading recorded a limited range Wednesday, January 27, as traders in the market awaited the US Federal Reserve’s decision on monetary policy and developments related to a stimulus package to mitigate the repercussions of the Coronavirus in the largest economy in the world. This fell in spot gold transactions …

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• 27 January 2021 12:28 pm

  Japan Shares Closed Higher as The IMF Boosted Earnings Forecast

  

  Japanese stocks closed higher on Wednesday, January 27, thanks to hopes for better corporate results after the International Monetary Fund raised its global growth forecast, while Nitto Denko shares jumped after it revised its earnings outlook. The benchmark Nikkei index rose 0.31% to 28635.21 points, while the broader Topix index …

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• 27 January 2021 1:20 am

  Bitcoin Continues to Dominate Investments in Cryptocurrencies

  

  Bitcoin accounted for the biggest share of investment inflows in cryptocurrencies since the beginning of the year, CoinTelegraph reported. The biggest digital currency in the world in terms of market capitalization, dominated 97% of inflows into cryptocurrencies in 2021, as shown by a recent report by CoinShares. Earlier this year, …

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• 27 January 2021 1:13 am

  Oil Finishes Mixed on Coronavirus Fears and Output Disruptions

  

  Oil prices closed Tuesday on a mixed note, amid continuous fears about the resurgence of the Coronavirus pandemic in many countries with concerns about the rollout and the efficacy of the vaccines. However, output disruptions continued to provide some support for crude prices. The global benchmark, Brent crude futures for …

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